@Steven Johnson - Thank you for sharing your file - it's a great starting point - it's always nice to work off drafts rather than reinvent wheels.  

@Skyler DillmanWould be nice to connect Skyler....I’m in Saskatoon

Both offer fixed rates and 30-year terms as a nice contrast to commercial financing.

(I also suggest an in person visit to meet folks and get to know the areas, not to see a particular property but to build relationships.)Once you are active in a market you will start to connect with investors who may be selling, wholesalers who have assignable contracts, and your realtor may also have access to off market opportunities. 

It appears to me this was a well thought out move that will lead to the Morris's having a nice  life here in Portugal and all the investors left in his wake are for the most part very much out of luck or any hope of collecting on judgements. 

I just have never heard of this kind of experience and am wondering if others have run into any debacle like this. title company checks normally dont get held I know mine never do.. last year when first american got hacked I had closed a deal and had a nice size proceed wire due and it took 6 or 7 days for FATCO to get the wire out to me..

Having said all that - my Ohio portfolio is nice and steady!

I would lease it to cover cost for 2/3 years and then I would sell once I could get $475,000+  Would be a nice ROI and is actually doable.Love this idea!

Yes just read the details nice!!

Even then, if you've built up enough carry-forward losses, a nice capital gain may not trigger any taxes to be paid.